Tag: oil price
Vietnam’s economic growth accelerates on back of exports, manufacturing
Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported.
Ministry proposes further tax cut to cool down rising petrol prices
VOV.VN - The Ministry of Finance (MoF) has put forward a proposal to impose a maximum reduction to the environmental protection tax placed on fuel products in an attempt to curb retail petrol and oil prices that have kept rising over the past months.
Vietnam considers abolishing oil price stabilisation fund
VOV.VN - The Ministry of Finance has put forward a proposal to abandon the petrol and oil price stabilisation fund in the pricing bill (revised) and is currently gathering public opinions on the matter.
Retail petrol prices likely to hit new record highs on June 11
VOV.VN - The retail price of petrol RON95 in Vietnam is likely to surpass the VND32,000/litre mark when the government adjusts domestic petrol and oil prices periodically.
Retail petrol prices reach new all-time high of VND31,578 per litre
VOV.VN - Domestic petrol prices set a new record of VND31,578 per litre following adjustments made by the Ministry of Finance and the Ministry of Industry and Trade as of 3 p.m. on June 1.
HSBC lowers Vietnam’s 2022 GDP rate to 6.2%
VOV.VN - The Hong Kong & Shanghai Banking Corporation (HSBC) has moved to lower Vietnam’s GDP growth rate for the year from the previously-projected 6.5% to 6.2% amid fears of rising oil prices globally.
Trade Minister affirms sufficient fuel supply for local consumption
VOV.VN - Trade Minister Nguyen Hong Dien on March 16 played down legislators’ worries about petroleum supply disruption due to global price volatility, saying Vietnam has a sufficient supply of petroleum products for local consumption.
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Local firms seek to cushion Russia-Ukraine conflict impact
VOV.VN - The ongoing Russia-Ukraine conflict has led to a significant rise in oil prices, fueling production costs which have affected many industries and reduced the competitive advantages of Vietnamese enterprises, according to industry insiders.
Two Cabinet members to be grilled over burning issues
VOV.VN - Minister of Industry and Trade Nguyen Hong Dien and Minister of Natural Resources and Environment Tran Hong Ha will be questioned over issues of people concern at the ongoing ninth session of the National Assembly Standing Committee.
Banking sector optimistic despite ongoing conflict in Europe
It's too early to tell how the ongoing Russia-Ukraine conflict will affect Vietnam's banking sector, said industry experts.
